The Worldwide Anti-counterfeit Packaging Industry is Expected to Reach $319.3 Billion by 2030 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Anti-counterfeit Packaging Market Share, Size, Trends, Industry Analysis Report, By Technology; By End-Use; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global anti-counterfeit packaging market size is expected to reach USD 319.38 billion by 2030 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising health concerns connected with substandard products and the economic losses suffered by producers are driving the use of such technologies in the anti-counterfeit packaging industry. The use of innovative, multi-layered technology for food and beverage safety has assisted manufacturers in reducing the impact of counterfeiting. This has also reduced the financial loss caused by counterfeiting practices. Demand for barcodes and RFID technologies has increased due to creativity and innovation, such as product tracking and verification of various tracking technologies.
These technologies protect premium beverages, food products, and tobacco products. The cost of tracking technologies, on the other hand, limits their use in local product tracking solutions. Counterfeiting operations are most prevalent in the European and Asian regions. Globalization of food-related items has improved opportunities for producers operating across multiple continents. This has also aided in sustaining the global demand-supply disparity.
Furthermore, smart packing for the pharmaceutical and cosmetic industry boosts growth. For instance, in November 2021, Palladio Group SpA introduced PhutureMed, a breakthrough technology plan that includes a smart blister pack designed to assist patients in analyzing drugs, and a solution that includes electronic print to clarify access to clinical drug trials.
The PluggyMed blister pack, a crucial breakthrough from PhutureMed, was created with Omnys, a software company based in Vicenza. PluggyMed is said to feature a smartphone application that can offer patients a summary of their therapy program and enable them to monitor the correct drug dosages.
Drivers and Opportunities
- The overall growth of the packaging industry
- Key manufacturing sectors including agriculture, apparel, and clothing, food & beverages
Restraints and Challenges
- Product substitution
The publisher has segmented the anti-counterfeit packaging market report based on technology, end-use, and region:
Anti-counterfeit Packaging, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
- Mass Encoding
- Forensic markers
- Tamper Evidence
Anti-counterfeit Packaging, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
- Food & Beverage
- Apparel & Footwear
- Personal care
- Electrical & electronics
- Luxury goods
Anti-counterfeit Packaging, Regional Outlook (Revenue - USD Million, 2018 - 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- 3D AG
- 3M Company
- AlpVision SA
- Applied DNA Sciences
- Avery Dennison Corporation
- CCL Industries
- Sato Holdings
- Savi Technology
- SML Group
- Systech International
- Tracelink Inc.
- Zebra Technologies
For more information about this report visit https://www.researchandmarkets.com/r/q7t4r5
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